Norden secures Canadian pellet shipment deal

摘要

Dry bulk shipowner Norden has agreed a contract with Canadian wood pellet producer Pinnacle Renewable Energy to ship 3.5mn t of wood pellets over 9 years between Canada and Europe. Norden will ship wood pellets from Vancouver and Prince Rupert in western Canada to Europe, commencing in 2018. The material will be shipped on Supramax vessels and will involve eight trips a year. Each trip will take around 65 days, Norden said.